6 Jul 2015
Nifty rocking , as we expected yesterday.!!
Today-Nifty made a high of 8497 and closed around 8484(+40) and low made 8460.
High volatility is expected on Monday, as Greece outcome should be clear by Sunday night. Gap up and Gap down can be expected too.
We expect nifty to trade higher till 8457 is not breached tomorrow. However market is overbought and selling pressure in intraday cannot be ignored and one should go with buy in dip strategy to avoid higher point entry. A good entry point can be 8470-8490 for higher targets.
Concluding: Nifty should touch 8517-8546-8616 unless it breaches 8457.
…stockstopp(stockstopp@gmail.com-9320926785)
Nifty rocking , as we expected yesterday.!!
Today-Nifty made a high of 8497 and closed around 8484(+40) and low made 8460.
High volatility is expected on Monday, as Greece outcome should be clear by Sunday night. Gap up and Gap down can be expected too.
We expect nifty to trade higher till 8457 is not breached tomorrow. However market is overbought and selling pressure in intraday cannot be ignored and one should go with buy in dip strategy to avoid higher point entry. A good entry point can be 8470-8490 for higher targets.
Concluding: Nifty should touch 8517-8546-8616 unless it breaches 8457.
…stockstopp(stockstopp@gmail.com-9320926785)
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